First Community Bank Mortgage Rates, Fees & Info
Milton, WILEI: 549300BZ038VQFB4UY84
Tax ID: 39-0272550
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
First Community Bank is a smaller bank specializing in Home Purchase loans. First Community Bank has a high proportion of conventional loans. Their top markets by origination volume include: Janesville, Milwaukee, Madison, Whitewater, and Watertown among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)First Community Bank has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.
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Originations
87Origination Dollar Volume (All Markets)
$18,475,000Top Markets
Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| JANESVILLE-BELOIT, WI (FHA|USDA|VA) | 67 | $12,995,000 | $193,955 | $0 | 0.00% |
| Outside of Metro Areas | 10 | $3,720,000 | $372,000 | $0 | 0.00% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $0 | 0.00% |
| MADISON, WI (FHA|USDA|VA) | 3 | $395,000 | $131,667 | $0 | 0.00% |
| Whitewater, WI (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 0.00% |
| Watertown-Fort Atkinson, WI (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $0 | 0.00% |
| MUSKEGON, MI (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 0.00% |
| GREEN BAY, WI (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 87 | $18,475,000 | $212,356 | $0 | 0.00% |
For 2022, First Community Bank's most frequently originated type of loan was Conventional, with 87 originations.
Loan Reason
For 2022, First Community Bank's most frequently cited loan purpose was Home Purchase, with 52 originations. The 2nd most popular reason was Cash Out Refi, with 16 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 87 | $18,475,000 | $212,356 | $0 | 0.00% |
For 2022, First Community Bank's most frequently cited loan duration was Other, with 87 originations.
Loan Sizing
2022 saw First Community Bank place emphasis on $100k-200k loans with 27 originations, totaling $3,735,000 in origination value.
Applicant Income
First Community Bank lent most frequently to those with incomes in the $100k-150k range, with 18 originations. The second most popular income band? $150k-250k, with 15 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 87 | $18,475,000 | $212,356 | $0 | 0.00% |
First Community Bank lent most frequently to those with DTI ratios of Exempt%, with 87 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.91%
First Community Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination91.95%
First Community Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 87 | $18,475,000 | $212,356 |
Complaints
| Bank Name | Product | Issue | 2022 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| FIRST CITIZENS BANCSHARES, INC. | Home equity loan or line of credit (HELOC) | Applying for a mortgage or refinancing an existing mortgage | 1 | 100.0% |